(Oliver Berg/Getty Images)

Ford slips as tariffs take an $800 million bite out of its earnings

Ford announced its second-quarter earnings results after the bell on Wednesday.

7/30/25 3:33PM

Despite being more shielded from tariffs than many of its rivals, with 82% of its North American vehicles built in the US, Ford says levies have cost it $800 million so far this year.

The Detroit automaker detailed the tariff-related impact in its second-quarter earnings report, released after the market closed on Wednesday. Though Ford’s seen benefits from tariff panic buying and its four-month-long employee pricing discounts, the charges are still a hit to profits. Earlier this year, Ford estimated a $1.5 billion full-year tariff impact for 2025.

On Wednesday, it upwardly revised that to “about $2 billion.”

Ford posted adjusted earnings of $0.37 per share, beating the $0.33 per share analysts polled by FactSet expected. The automaker reported a net loss of $36 million on the quarter related to one-time charges (largely attributed to the cancellation of an electric SUV). Wall Streeted expected a $1.25 billion profit.

Ford’s shares were down about 2% in after-hours trading.

Sales came in at $50.2 billion, nearly 10% better than the $45.79 billion analysts were anticipating and up 5% from last year. Earlier this month, Ford said its second-quarter unit sales had risen 14% compared to last year.

Looking ahead, Ford expects full-year earnings before interest and taxes of between $6.5 billion and $7.5 billion. The automaker previously pulled its annual outlook amid tariff uncertainty. In February, Ford had projected full-year earnings before interest and taxes of between $7 billion and $8.5 billion, though those figures did not account for sector tariffs on vehicles or auto parts.

The automaker has been issuing recalls at a level bordering on legendary this year. Through June alone, Ford issued 88 safety recalls, more than the full-year total for any other automaker, ever.

Ford’s EV losses continued to pile up, with its Model e segment losing $1.33 billion on the quarter, 15% more than last year. The division has lost $2.18 billion through the first half of this year.

David Crowther, Claire Yubin Oh

TAKING PITCHES

Warren Buffett’s big cash pile just hit $382 billion — what could Berkshire buy?

Berkshire Hathaway is throwing off more money than ever before — but Buffett and co. are staying patient.

CEO Warren Buffett Attending Baseball Game

3d sketch poster trend collage image of healthy salad leaves nutrition rotten iceberg mouth smile lips food diet hand hold fork

The slop bowl recession just sent Chipotle’s stock cratering

Chipotle dropped 18% yesterday, and its woes weighed on the wider slop bowl complex, dragging Cava and Sweetgreen down, too.

Claire Yubin Oh10/31/25

J. Edward Moreno

10/30/25

Most health insurers beat estimates in Q3, but investors have mixed feelings

While generally in line with expectations, medical costs still haven’t come down.

Millie Giles10/30/25

eBay stock slumps on gloomy Q4 outlook despite solid Q3 earnings

Shares of eBay fell as much as 10.5% in premarket trading on Thursday morning after the company gave a lower-than-expected profit forecast for the important holiday shopping season.

The e-commerce giant reported solid numbers for the third quarter on Wednesday, with revenue up 9% as reported to $2.8 billion and gross merchandise volume rising 10% to $20.1 billion, topping the average analyst forecast of $19.4 billion, per Bloomberg.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.